Enterprise Bank & Trust Co Increases Stock Holdings in Walmart Inc. (NYSE:WMT)

Enterprise Bank & Trust Co increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,456 shares of the retailer’s stock after buying an additional 248 shares during the period. Enterprise Bank & Trust Co’s holdings in Walmart were worth $493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Peterson Financial Group Inc. acquired a new position in Walmart in the 3rd quarter valued at $26,000. Voisard Asset Management Group Inc. raised its stake in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Hoese & Co LLP acquired a new position in Walmart in the 3rd quarter valued at $33,000. Livelsberger Financial Advisory acquired a new position in Walmart in the 3rd quarter valued at $36,000. Finally, Hara Capital LLC acquired a new position in Walmart in the 3rd quarter valued at $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WMT. Royal Bank of Canada raised their target price on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Sanford C. Bernstein lifted their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Piper Sandler boosted their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Evercore ISI lifted their price target on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Tigress Financial increased their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.08.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,412 shares of company stock valued at $12,478,116 in the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 1.6 %

NYSE WMT traded down $1.53 during trading on Monday, reaching $91.47. 10,819,879 shares of the company’s stock were exchanged, compared to its average volume of 13,344,719. The stock has a market cap of $734.81 billion, a P/E ratio of 37.54, a price-to-earnings-growth ratio of 4.47 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company has a 50 day moving average price of $90.38 and a two-hundred day moving average price of $80.63. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.